Singapore revokes Inter-Pacific Petroleum’s license

Singapore - The Maritime Port Authority (MPA) of Singapore has revoked the bunker supplier license of Inter-Pacific Petroleum

Singapore - The Maritime Port Authority (MPA) of Singapore has revoked the bunker supplier license of Inter-Pacific Petroleum Pte Ltd (“Inter-Pacific”). With effect from 9 December 2019, Inter-Pacific will cease to operate as a bunker supplier in the Port of Singapore.

Inter-Pacific had filed for judicial management at the High Court of the Republic of Singapore and a judicial manager has since been appointed. With the appointment of the judicial manager, Inter-Pacific has failed to meet the terms and conditions of the Bunker Supplier Licence, leading to the revocation of the Licence. This follows MPA’s earlier revocation of Inter-Pacific’s Bunker Craft Operator Licence on 15 October 2019 due to bunkering malpractices.

The MPA reminds all bunker licensees to adhere strictly to the terms and conditions of their licences. MPA takes a serious view of contraventions of the licence terms and conditions, and will suspend or revoke the relevant licence(s) where necessary.

The license allowed Inter-Pacific to operate tankers used to load marine fuel, known as bunker fuel, onto ships. Its revocation is the latest crack down by the MPA, which oversees the world’s largest bunkering and marine fuel trading hub.

In May, the MPA stripped marine fuel services provider Southernpec (Singapore) Pte Ltd of both its bunker barge operator and bunker fuel supplier licenses after investigations revealed a breach of the terms of its license and malpractice. Inter-Pacific also holds a bunker fuel supplier license in Singapore. In 2018, the company was the 26th-largest supplier by volumes delivered out of 51 other operators, according to the MPA.

In June Singapore’s MPA had already suspended the bunker craft operator licence.

©RIPRODUZIONE RISERVATA

Argomenti: